Most recent items from this feed:
Beaumont Under $1,800 per Month - Nothing Down
There are some advantages to today's tight housing market. A new home builder in Beaumont informed me today of a great new incentive program that allows home buyers to purchase a brand new home with no down payment and no closing costs. Their base model (selling in the low $200's) that has three bedrooms and two bathrooms (no upgrades) resulted in an estimated payment of only $1,749 including principal, interest, taxes, insurance and the HOA fee. This isn't a teaser rate either; this is a 30-year fixed rate payment using the builder incentives towards your mortgage. This might be a solid option for those who want to own a home but don't have the large down payment that many lenders are requiring in today's more cautious economy.
If you are interested in hearing more about this program, email or call me ASAP. I will setup an appointment for you to meet a builder sales representative to discuss the terms and conditions of this exciting opportunity.
06/09/2008 04:39 AM
Is the Yucaipa real estate market improving?
Many homeowners and renters still are curious as to how the
real estate market is performing in Yucaipa. Homeowners are worried they may loose equity
and renters are noticing that this is a great time to buy a home. It is often difficult to interpret the
information and statistics as they are confusing.
One number commonly used in the mainstream media is the
median home price. In March of 2007, the
median home price in Yucaipa was $377,500; in
March of 2008 it was $300,000. The
difference represents an overall change of over 20%. Many people often have mistaken this as a 20%
home price drop for the entire city. That
is not necessarily the case.
The median home price is calculated by determining the middle
of the lowest and the highest priced home sold (more or less) during a given
month. The lower median home price
indicates that there is a loss in value or only the smaller, less expensive
houses are selling. For the Yucaipa real estate market, it is a combination of both.
For example, the largest selling home in March of 2007 was 4,157
square feet; the largest home sold in March of 2008 was 3,850 square feet. That represents a difference of over 7.5% in
overall home size over the year period.
This indicates smaller, less expensive homes are in-fact adversely affecting
the median home price.
On the other hand, examining average three bedroom, 1600 +/-
square foot homes on an average size lot, in March of 2007 they would sell for
around $351,000; In March of 2008 similar homes would sell for around
$300,000. This calculation would
indicate a value loss of about 14.5% for an average home in Yucaipa
from March of 2007 to March of 2008.
The number of homes actually selling affects both the median
home price as well as the actual value of homes. In March of 2007, the MLS reported 44 homes
sold while only 37 sold in March of 2008.
Year to year, this does not appear to be good news, but month to month
the number of homes selling in Yucaipa has
improved. In December of 2007, there
were 20 homes sold, in January of this year there were 29, in February 35, in
March 37 and in April 34. The downward turn
in April is a concern, but time will tell what the rest of the year will bring.
At this point in time, it is difficult to say whether the
data indicates an improvement or not.
The year to year figures would lead to the belief that so far this year
is worse than last year. The month to
month data indicates gradual improvement may be occurring. Maybe we are at the bottom of the market and
can expect a slow recovery from this point on or maybe the future will bring
something different.
*Statistical information obtained from ?California
Association of Realtor?s Trends in California Real Estate? and the ?Multi-Regional
Multiple Listing Service? as of May 3, 2008.
05/13/2008 10:45 AM
Client Appreciation Night at the Ballpark
Last year's appreciation dinner and San Bernardino 66ers game received rave reviews. Mark your calendar to join me for the second annual client appreciation dinner and baseball game on June 21st at 6:30PM. Held at Arrowhead Credit Union Park, dinner will be served at this private function on the 3rd base terrace promptly at 6:30PM and will include hamburgers, hot dogs, BBQ chicken, potato salad, chips, peanuts, water, and soda. Following dinner, the 66ers will play the Rancho Cucamonga Quakes at 7:05PM.
Priority will be given to past clients, but the event is open to all past, present and future clients and their immediate family members at no cost. Additional tickets are available to non-clients at $22 per ticket. Dinner attendance is currently capped at 30 people.
In the meantime, if you or anyone you know is thinking about making a move, I can provide assistance to anyone anywhere!
To RSVP to this event, visit my Evite invitation by clicking here.
04/12/2008 02:58 AM
Yucaipa CA Real Estate Conditions
For the month of February, there were only 23 homes close in Yucaipa per the MLS, so not much is moving. As of today, there are 383 homes listed 'for sale' (as active) in the Yucaipa MLS. Statistically, a little over 1 in 17 homes are selling - just not a good number when you are a seller. My concern for sellers is that we are approaching a historically busy period of the year (who knows about this year though) with a great deal of inventory. Most of the homes that are selling are not 'average' homes. They are either priced low or have a great deal of amenities such as a pool, spa, etc.
On the other hand, this is great news for buyers. Buyers are finding fantastic pricing and homes with many amenities priced similar to homes without all the features. With an abundance of inventory, buyers can be picky and get a home that is exactly what they are looking for.
February Real Estate Sales - Yucaipa, California
February Real Estate Sales - Redlands, California
I would like to hear what the readers of my blog are thinking! Post your comments below.
03/03/2008 05:18 AM
Foreclosures, short sales, and more - Seminar and Teleconference 2/21
I was delighted with the response to my first email about my upcoming seminar. I have secured a larger facility to host my next event presenting foreclosures, short sales, and the standard process of purchasing a home. Thanks to the larger facility, there is now room for an additional eight people. The event will be held on February 21st from 6:00PM - 7:30PM at Ridgeview Elementary School in room 25. The school is located at 11021 Sunnyside Drive in Yucaipa off of Bryant.
If you will be out of the area but still would like to participate, you are in luck because I will be offering my first simultaneous teleconference. It should be rather exciting giving callers the option to ask questions and participate in the live session. Ten telephone conferences slots are available; this is limited to callers outside of the 909 & 951 area codes.
Attend and learn how to:
. Cut your tax bill while buying a home
. Build wealth with real estate equity
. Obtain a loan to buy a home
. Search for homes on the internet
. How to find bank owned foreclosures
. Buy a home for less than what is owed
. More!
Please respond as soon as possible to reserve your spot to attend in person or by telephone. Only eight more seats remain and only 10 slots are available by telephone.
Best Regards,
Roger
* This event is not sponsored or endorsed by the Yucaipa-Calimesa Joint Unified School District
02/13/2008 05:26 PM
Local Yucaipa Real Estate Agent Maximizing Technology For Consumers
As more and more consumers begin their search for real estate-related information on the Internet, it is critical that real estate professionals are well educated in the use of technology to the benefit of both the consumer and the agent.
Realizing the importance of technology training, the National Association of REALTORS® (NAR) now offers its members the e-PRO certification course -- the only technology certification program offered by NAR. The program is designed to prepare real estate professionals to make the most of Internet technology and to identify, evaluate, and implement new Internet business models. The elite group of course graduates represents only one percent of all REALTORS in the country including Roger Flowers of Century 21 Lois Lauer Realty.
?The real estate industry has undergone significant technological changes over the past several years,? Roger Flowers said. ?More than 70% of all buyers and sellers begin their search online. As an e-PRO certified agent, I have knowledge and tools needed to provide my clients with the information they need and the customer service they demand. It?s both hi-tech and hi-touch.? For example, a potential home buyer can visit my website at www.yucaipa-real-estate.com and view not only my available listings, but view frequently updated home listings from all real estate brokers in the area. Additionally, a homeowner can request a professionally prepared market analysis of their home and neighborhood.
E-PRO certified real estate professionals join the ranks of a special community of highly skilled and continuously trained professionals who provide high quality and innovative online-based real estate services. Consumers can identify the e-PRO through the exclusive e-PRO Internet Professional logo.
For more information, e-mail Roger Flowers at roger@rogerflowers.com or call 909-266-2662.
01/10/2008 04:06 AM
How can I locate a San Bernardino Self Storage unit?
A San Bernardino self storage directory, like Self Storage Finders, can be your one stop shop in finding the storage unit that will fit most of your needs.
Finding a San Bernardino storage facility that is exactly what you are looking for can be time consuming. With Self Storage Finders, self storage San Bernardino is made easy through the convenient search options that allow you to locate a storage unit in San Bernardino. Locate a self storage unit through the convenient zip code search or through typing in a city of your choice. Results will display listings of many moving and storage companies giving you access to website information, storage unit availability, size and contact phone numbers of each facility. Questions can be answered through a simple phone call to the storage rental facility of your choice.
01/07/2008 04:29 PM
|
|